Preferred view suggests metal has thrust lower from the triangle and wave B appears to have completed with a test of 3.223. Metal is now expected to turn higher. In case of further weakness, 1.236 ext of wave (( a )) at 3.199 could be tested before wave C higher starts. Hourly cycles are positive […]

Preferred view suggests a cycle from 7.25.2012 has ended and 10 year yields are correcting the entire cycle now. Expect a test of 2.634 – 2.687% to complete 7 swings lower in wave “W” then we expect a bounce in wave X toward 2.90 before resumption of  the decline. We don’t like buying yields in […]

Preferred view suggests metal has thrusted lower from the triangle and is currently in wave ( b ) of triangle thrust. After wave ( b ) completes, expect more downside toward 3.19 – 3.2228 area  to complete wave B before it turns higher in wave C. The hourly cycles are positive so we don’t like […]

Index is breaking below the channel support but more importantly 1.3.2014 (9723) pivot has given up in our  system due to which we believe Index has completed a cycle from 12.6.2013 (9235). This leaves us looking for a pull back in wave ( B ) which can reach as low as 9738 – 9891 which […]

  Bias is a word many traders use in the daily trading. Bias has a very wide definition but the most important one related to trading is (mental tendency or inclination, especially an irrational preference or prejudice) . If we analyse our trading results, we can draw a line or conclusion and see a tendency. We, […]

Cycles from 1363 & 1434 highs have ended and yellow metal is trading higher. Initial move up from 1182 – 1248.50 was in 3 waves which we have labelled as red wave A. This was followed by a running FLAT correction in wave B which completed at 1218. Pair is currently trading higher in wave […]